Lenzburg at a glance
- Population: 451 (US Census Bureau, Vintage 2023 subcounty estimate), the 895th-largest of 1,294 places in Illinois.
- 2020 Census base: 468 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: population fell about 3.6% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Illinois places: 895th-largest of 1,294 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: it exceeds roughly 31% of Illinois's Census places by population (US Census Bureau).
- Coordinates: it sits at 38.2863, -89.8178 in the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Marissa, IL (4 mi); New Athens, IL (4 mi); St. Libory, IL (8 mi); Tilden, IL (9 mi); Sparta, IL (11 mi) (US Census Bureau populations).
- Smaller towns nearby: Fayetteville, IL (6 mi); Baldwin, IL (7 mi); Hecker, IL (10 mi) (US Census Bureau).
What a personal loan costs in Lenzburg
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Illinois lending rules that apply in Lenzburg
The table lists the Illinois rules that apply to a loan made in Lenzburg, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Consumer Installment Loan Act license required from the Director of Financial Institutions (loans above 9% APR) Source says: "No person ... shall engage in the business of making loans of money ... except ... after first obtaining a license from the Director of Financial Institutions". | Illinois General Assembly (Illinois Compiled Statutes) as of 2026-09-16 |
| State lending regulator | Illinois Department of Financial and Professional Regulation (IDFPR), Division of Financial Institutions Source says: "DFI licenses, charters, and examines a wide variety of financial products and services including: Consumer and Sales Finance and Collection Agencies". | Illinois Department of Financial and Professional Regulation as of 2026-09-16 |
| Installment lender net-worth requirement | $30,000 minimum positive net worth (plus $25,000 surety bond) Source says: "every applicant shall prove ... that the applicant has and will maintain a positive net worth of a minimum of $30,000". | Illinois General Assembly (Illinois Compiled Statutes) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 9% annual percentage rate (general written-contract interest cap) Source says: "it shall be lawful for the parties to stipulate or agree that an annual percentage rate of 9%, or any less sum". | Illinois General Assembly (Illinois Compiled Statutes) as of 2026-09-16 |
| Payday lending status | Permitted under license; capped at 36% annual percentage rate (payday loans) Source says: "shall not contract for or receive a charge exceeding a 36% annual percentage rate ... for a payday loan". | Illinois General Assembly (Illinois Compiled Statutes) as of 2026-09-16 |
How to compare offers in Lenzburg
Here is a short checklist for comparing personal loans in Lenzburg:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Illinois using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.